Good News For Home Prices In The Austin Area

Home prices in the Austin area increased by 1.6 percent for the month of August when compared to the month of August last year, according to data released by CoreLogic’s Home Price Index.

CoreLogic’s Home Price Index also factors in distressed properties. When not figuring in distressed assets, home prices rose by 1.8 percent compared to August of 2010. The home price increase comes after home prices rose by 1.2 percent in July.  Home price increases for two consecutive months is a positive thing for the Austin area housing market.

Across the nation, home prices are continuing to trend downwards. Home prices, including distressed properties, fell by 4.4 percent this August compared to August of 2010. Areas such as Atlanta saw home prices decrease by as much as 7.2 percent.

A CoreLogic company spokeswoman said, “Austin, like all of Texas, did not experience the boom that other areas of the country did, and therefore, did not have to endure as severe a bust as those that saw the big booms.”

Contact the Shane T. White Team if you are looking to buy or sell your home. Discover what it is like to work with a team with a real passion for real estate. Contact us today at (512) 515-LAND (5263). We are here for you to help you buy or sell real estate near Austin in the Liberty Hill area, including Leander, Georgetown, Cedar Park, and Bertram.